GSA Capital Partners LLP Acquires New Position in CTO Realty Growth, Inc. (NYSE:CTO)

GSA Capital Partners LLP purchased a new stake in CTO Realty Growth, Inc. (NYSE:CTO) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 11,711 shares of the company’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of CTO Realty Growth by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,079,798 shares of the company’s stock worth $18,303,000 after buying an additional 5,617 shares in the last quarter. Grace & White Inc. NY increased its position in CTO Realty Growth by 0.4% during the second quarter. Grace & White Inc. NY now owns 604,041 shares of the company’s stock worth $10,547,000 after purchasing an additional 2,602 shares during the last quarter. Ingalls & Snyder LLC raised its stake in CTO Realty Growth by 223.2% during the second quarter. Ingalls & Snyder LLC now owns 395,870 shares of the company’s stock worth $6,912,000 after purchasing an additional 273,400 shares during the period. LSV Asset Management boosted its holdings in shares of CTO Realty Growth by 18.8% in the 2nd quarter. LSV Asset Management now owns 381,960 shares of the company’s stock valued at $6,669,000 after purchasing an additional 60,480 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of CTO Realty Growth by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 299,434 shares of the company’s stock valued at $5,228,000 after buying an additional 1,302 shares during the period. Hedge funds and other institutional investors own 67.18% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on CTO. StockNews.com lowered CTO Realty Growth from a “hold” rating to a “sell” rating in a research report on Monday, October 28th. Raymond James upgraded CTO Realty Growth from an “outperform” rating to a “strong-buy” rating and raised their price objective for the stock from $22.00 to $24.00 in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $21.00.

CTO Realty Growth Stock Performance

NYSE:CTO opened at $19.81 on Monday. The firm’s fifty day simple moving average is $19.38 and its 200 day simple moving average is $18.73. The company has a current ratio of 3.96, a quick ratio of 3.96 and a debt-to-equity ratio of 0.88. CTO Realty Growth, Inc. has a twelve month low of $16.16 and a twelve month high of $21.15. The firm has a market capitalization of $593.82 million, a price-to-earnings ratio of 33.58 and a beta of 0.76.

CTO Realty Growth (NYSE:CTO) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.27). CTO Realty Growth had a return on equity of 4.04% and a net margin of 17.10%. The company had revenue of $31.81 million for the quarter, compared to analyst estimates of $30.15 million. During the same quarter in the prior year, the firm earned $0.48 EPS. As a group, equities research analysts expect that CTO Realty Growth, Inc. will post 1.79 earnings per share for the current fiscal year.

CTO Realty Growth Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 7.67%. The ex-dividend date is Thursday, December 12th. CTO Realty Growth’s dividend payout ratio (DPR) is 257.63%.

Insider Activity

In related news, Director Christopher W. Haga sold 3,000 shares of CTO Realty Growth stock in a transaction on Monday, September 9th. The shares were sold at an average price of $19.45, for a total value of $58,350.00. Following the completion of the sale, the director now owns 44,988 shares in the company, valued at approximately $875,016.60. The trade was a 6.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John P. Albright sold 29,488 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $20.71, for a total transaction of $610,696.48. Following the transaction, the chief executive officer now owns 570,554 shares in the company, valued at $11,816,173.34. This trade represents a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,488 shares of company stock worth $726,616 over the last 90 days. Company insiders own 5.30% of the company’s stock.

CTO Realty Growth Company Profile

CTO Realty Growth, Inc is a publicly traded real estate investment trust that owns and operates a portfolio of high-quality, retail-based properties located primarily in higher growth markets in the United States. CTO also externally manages and owns a meaningful interest in Alpine Income Property Trust, Inc (NYSE: PINE), a publicly traded net lease REIT.